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Sparta Commercial Services (Sparta Commercial Services) Retained Earnings : $-66.88 Mil (As of Jan. 2024)


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What is Sparta Commercial Services Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sparta Commercial Services's retained earnings for the quarter that ended in Jan. 2024 was $-66.88 Mil.

Sparta Commercial Services's quarterly retained earnings declined from Jul. 2023 ($-66.19 Mil) to Oct. 2023 ($-66.73 Mil) and declined from Oct. 2023 ($-66.73 Mil) to Jan. 2024 ($-66.88 Mil).

Sparta Commercial Services's annual retained earnings declined from Apr. 2021 ($-64.99 Mil) to Apr. 2022 ($-67.18 Mil) but then increased from Apr. 2022 ($-67.18 Mil) to Apr. 2023 ($-66.15 Mil).


Sparta Commercial Services Retained Earnings Historical Data

The historical data trend for Sparta Commercial Services's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sparta Commercial Services Retained Earnings Chart

Sparta Commercial Services Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -61.92 -62.70 -64.99 -67.18 -66.15

Sparta Commercial Services Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -69.45 -66.15 -66.19 -66.73 -66.88

Sparta Commercial Services Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Sparta Commercial Services  (OTCPK:SRCO) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Sparta Commercial Services (Sparta Commercial Services) Business Description

Traded in Other Exchanges
N/A
Address
555 Fifth Avenue, 14th Floor, New York, NY, USA, 10017
Sparta Commercial Services Inc through its subsidiaries offers technology products and services. The company develops, manages, and markets its business mobile applications for smartphones and tablets. Its mobile application offerings range from racetracks, private clubs, country clubs, restaurants, and grocery stores. The company serves small and medium-size businesses under the tradename iMobileApp. It generates maximum revenue from the application source.
Executives
Jeffrey Buchanan Bean director 325 COTTON AVENUE, MACON GA 31201
Anthony L Havens director, officer: CEO 555 FIFTH AVE., 14TH FLOOR, NEW YORK NY 10017
Sandra L Ahman director, officer: VP 555 FIFTH AVE, 14TH FLOOR, NEW YORK NY 10017
Kristian Srb director, 10 percent owner 555 FIFTH AVE., 14TH FLOOR, NEW YORK NY 10017
Richard P Trotter officer: COO 370 LEXINGTON AVE., SUITE 1901, NEW YORK NY 10017
Anthony William Adler officer: EVP 462 SEVENTH AVENUE, 20TH FLOOR, NEW YORK NY 10018
Leo Long other: 8.85% OWNER 9109 LORIET BLVD., LENEXA KS 66219
Glenn Little other: 5% Owner 211 WEST WALL ST, MIDLAND TX 70701
Michael J Mele officer: Chief Financial Officer 462 SEVENTH AVE, 20TH FL., C/O SPARTA COMMERCIAL SERVICES, INC., NEW YORK NY 10018
Danny Lanjewar officer: Chief Financial Officer

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